The tenure Of RBI governor Shaktikant Das has been extended for three years.
He took charge as the 25th governor of RBI on December 11, 2018, for three years replacing Urjit Patel.
The Reappointment of the RBI governor for three more years will be effective from December 10 this year. Shaktikant Das's Reappointment decision was approved by the Appointment Committee of the Cabinet (ACC) headed by PM Narendra Modi.
Shaktikant das, a 1980-bach retired IAS officer was previously in charge of the department of economic affairs secretary at the finances ministry later, he was appointed as the head of the central bank in 2018 for three years.
He has vast experience in areas like finance, taxation, industries, infrastructure, etc.
Das was also part of as many as eight union budgets preparation during his long tenure in the ministry of finance, the government of India.
Das also served as India's alternative governor in the world Bank, the Asian Development Bank, and the Asian infrastructure investment bank. He represented India in international forums involving the international monetary Fund, G20, BRICS, and SAARC.
Shaktikant das, a postgraduate from St. Stephen college in new Delhi, has more than four decades of experience in various areas of Governance.
This extension is probably because the center has done the heavy lifting to support the economy through pandemics.
If he serves the complete six-year of his tenure as the governor of RBI, das would become the longest-serving RBI governor in almost seven decades.